# The Australian Dollar's Outlook Sours Further as Capex, House Price Data Point to RBA Inertia

> Australian private capital expenditure fell 2.5% in the June quarter, more than reversing a 1.2% gain in the first quarter. Building approvals also declined 5.2%, and the Australian dollar weakened on the data.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63805-the-australian-dollar-s-outlook-sours-further-as-capex-house-price-data-point
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak investment and approvals suggest the Reserve Bank of Australia will keep rates on hold longer, which pressures the Aussie. A weaker currency can make Australian grain and meat exports more competitive.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/9803-australian-dollar-returns-to-the-doldrums-after-business-investment-slides-and-as-housing-market-wobbles

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.